The Uncredible Dog and Pony Show: Merkel and Sarkozy

Does anyone take the Merkel-Sarkozy dog and pony show seriously any more? Perception management is not a solution.

For the past 18 months, every time reality threatens to intrude in Europe, Merkel and Sarkozy rush onto the global stage for a repeat performance of their dog-and-pony show. The global media declares it an artistic triumph and the “solution” to Europe’s insolvency.
The fact that we’ve seen the exact same performance repeated again and again appears to be lost on the financial media, which never tires of declaring “this is the solution that will end the European bank crisis.”

A few days or weeks later, reality once again intrudes, the ugly truth of systemic insolvency rears its frightening head once again, and the Dynamic Duo of Eurozone political theater rush onto stage for another tiresome performance of their cliche-ridden dog-and-pony show.